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over the last four years, there is progress in some key sectors of our economy. we've seen housing finally begin to bounce back for the first time, and that obviously has an enormous ripple affect throughout the economy. consumer confidence is as high as it's been. many of you over the last two, three years have experienced record profits or near record profits and have a lot of money where you're prepared to invest in plants, and equipment, and hire folks. obviously globally the economy is still soft. europe is going to be in the doldrums for quite some time. asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago. but i think what all of you recognize and many of you have told me is that everybody is looking to america, because they understand that if we're able to put forward a long-term agenda for growth and prosperity that is broad based here in the united states, that confidence will not just increase here in the united states, it will increase globe balance leave. globally and i think we can get the
are willing to make sure we don't go over this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now we are continuing to await a speech by former president george w. bush, the speakers are taking to the podium there to get ready to introduce the former president. he is set to address a conference there in dallas, where he will spotlight the positive impact of immigration on u.s. economic growth. this as the g.o.p. looks to attract more hiss to the party. meantime mr. bush's father, former president george h.w. bush is spending another day in the hospital being treated for bronchitis and a lingering cough. we told you about that last week when we first found out that
a trillion dollars next year, there is more and more money on the sidelines in this economy. which means there are even more jobs that won't get created. that means economic growth will even decrease more. so, the president's got to wake up an realize he owns this economy. it is not in his political benefit to do this brinkmanship. jon: debbie, my understanding that the most to everybody agrees that the big drivers of government spending are entitlement programs like social security and medicare and medicaid. why not talk about reducing the expenditures there somehow? >> i want to say several things. one of the things got to do stop taking cheap shots. the secretary of treasury is one of the most serious people in this government. has the trust of the president and that is who the president is sending in here. let's stop taking these cheap shots. that is the kind of stuff we have to stop doing. you are right, this uncertainty is hurting the economy and putting money on the sideline, why we have to solve it. we need to walk into a room and put everything on the table. social security and
where substantively republicans believe in things and think certain things are better for the economy and the country, they will be in a weaker position to achieve any of those things. but they have to take into the consideration the idea that everybody's taxes will go up january 1st if there is no deal. it is not going to be all on the president's shoulders. in fact most of might be on theirs temporarily and for good. they have to decide what is the better position. and you know, will the president and the democrats offer them something that they really should take, significant spending cuts? some kind of significant entitlement reform? those are kind of things republicans have been after for a long time. even though there would be grumbling about tax increases on certain income level, that is something they could take home and really savor. this depends where it goes, the brinkmanship continues. david drucker from "roll call." thank you. >> thanks a lot. jenna: well now we turnover seas where we have some new information today on what some say could really be a turning point in the
and congress have just one month to prevent tax hikes and spending cuts that really could send the economy according to some right back into a recession. we are glad you are with us on this friday, everybody, i'm jenna lee. jon: i'm jon scott. president obama offering his opening bid to avoid the fiscal cliff but it's not going over well at all with republicans. house speaker john boehner saying no progress has been made in negotiations. mike emanuel is live on capitol hill now. what are the republican complaints, mike, and how are they pushing back at the president? >> reporter: senator john john cornyn who is a member of the rupp leadership says he thinks president obama wants to go over the fiscal cliff by proposing higher taxes, no spending cuts and no plans to save entitlements. with president obama going to pennsylvania today, the house republican whip, kevin mccarthy's office put out a video profiling a small business nearby in pennsylvania that would get hurt by a tax hike. >> i'm jerry gorsky from an engineering company. however good or bad we do is my income. this notion of $250,
-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. jon: fox news alert for you now. we are awaiting remarks from president obama. he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the president arrives at the white house to speak, he will have people behind him, ordinary americans who reached out to the white house and want their $2,000 middle class tax cut preserved. republicans are saying this is essentially a campaign stunt, a campaign appearance kind of event of the he won the election. he should get on the business of governing. what do you say? >> well, one quick observation, jon. i think what you're seeing, what i think is i
Search Results 0 to 5 of about 6